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  5. 886 F.2d 1449 (1989)
 

MBANK ALAMO NAT. ASS'N v. RAYTHEON CO.

Nos. 88-5576, 88-5590.

886 F.2d 1449 (1989)

MBANK ALAMO NATIONAL ASSOCIATION, (Deposit Insurance Bridge Bank, substituted in the place and stead of MBank Alamo National Association), Plaintiff-Appellee, v. RAYTHEON COMPANY d/b/a Raytheon Medical Systems, Defendant-Appellant. MBANK ALAMO NATIONAL ASSOCIATION, (Deposit Insurance Bridge Bank, substituted in the place and stead of MBank Alamo National Association), Plaintiff, E.I. DuPont De Nemours Company, Plaintiff-Appellee, v. RAYTHEON COMPANY d/b/a Raytheon Medical Systems, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied November 30, 1989.

Attorney(s) appearing for the Case

Harold B. Berman and Paul Hoffman, Douglas E. Yeager and Mary Ellen Stumpf, Berman, Mitchell, Yeager & Gerber, Dallas, Tex., for Raytheon Co.

John E. Clark, Sawtelle, Goode, Davidson & Troilo, San Antonio, Tex., for MBank Alamo Nat. Ass'n.

Helen G. Schwartz and Lawrence Alan Beck, Beck & Beck, San Antonio, Tex., for E.I. DuPont de Nemours Co.

Before GOLDBERG, REAVLEY and JOLLY, Circuit Judges.

REAVLEY, Circuit Judge:

MBank Alamo National Association ("MBank") and E.I. DuPont de Nemours Company, Inc. ("DuPont") pressed this conversion action against Raytheon Company ("Raytheon"), claiming that Raytheon collected certain accounts receivable, in which MBank and DuPont had security interests superior to those of Raytheon. Raytheon's defense was that it had a purchase money security interest in the accounts receivable. Concluding that Raytheon had no purchase...

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